Re: Wigan make massive loss : Thu Sep 21, 2017 1:38 pm  

fun time frankie wrote:

Manchester City won the league and posted a loss of 300 million nobody is saying it doesn't bode well for football there are hardly any sports teams that run at a profit

Football grows every year. Prem teams are usually owned by some mega rich person who uses it as their hobby. RL teams are usually run by wealthy small business owners and as a sport is stagnating.

[Fantastic Mr Catpiss]

Re: Wigan make massive loss : Thu Sep 21, 2017 2:26 pm  

imagine having to fund two underperforming marquee players with that as well.

Re: Wigan make massive loss : Thu Sep 21, 2017 2:37 pm  

The Biffs Back wrote:

So Tigerade you've chosen a selective season to highlight what in your words are Rhinos Losses of £260K for the year whilst only Cas, Hull FC and Widnes have made a profit in order to say that you are one of the clubs that make a profit

Don't suppose that you can give us anymore such financial results in previous decades,centuries that further back up your clubs glowing glowing financial results?
We had some flooding issues in 2016 you know
Otherwise our snack bar makes more money than the Cas club does

Didn't a Daryll Clark signing on fee bail Cas out only a few years back when they were close to going under?

Typical Cas fan think their clubs the dogs after one good season, so what if they posted a profit as stated above they were going under until the Daryl Clarke deal.
Leeds been financially stable and profitable for 20 years. they will almost likely run at a loos for next 10 years due to good debt regarding the ground redevelopment. plus my understanding was rhinos made a loss of profit from previous years but not an overall loss, ie in business talk a loss in simply were your below your projected income.

i do worry about salford and Huddersfield, and wigan's loss is alarming as that sort of loss when you don't even own your own assets is concerning.

Re: Wigan make massive loss : Thu Sep 21, 2017 2:59 pm  

fun time frankie wrote:

Manchester City won the league and posted a loss of 300 million nobody is saying it doesn't bode well for football there are hardly any sports teams that run at a profit

That's because Man City are owned by people who have essentially unlimited money.

Re: Wigan make massive loss : Thu Sep 21, 2017 3:40 pm  

Fantastic Mr Catpiss wrote:

imagine having to fund two underperforming marquee players with that as well.

This is ultimately the biggest kick in the teeth about it all.

Re: Wigan make massive loss : Thu Sep 21, 2017 4:24 pm  

boomer wrote:

Tiger, can you please tell us how big the Giants and devils losses were?

Giants 1.05 million
Salford 1.35 million

Re: Wigan make massive loss : Thu Sep 21, 2017 4:39 pm  

Well you turned a Leeds £148,199 profit in to a £260k loss so I can only assume Huddersfield made about half a million in profit

Re: Wigan make massive loss : Thu Sep 21, 2017 6:53 pm  

Tigerade wrote:

That article is misleading - Rhino's losses were 260K for 2016.

Not sure where you've got that from. Leeds made a profit in 2016, for the 13th time in 15 years.

Re: Wigan make massive loss : Thu Sep 21, 2017 8:50 pm  

Gronk! wrote:

That's because Man City are owned by people who have essentially unlimited money.

Yeah I know that's the point I'm making nobody gets into sport to make a profit because so few teams make one PL teams are loss making status symbols really RL teams in SL are propped up by people who expect to make a loss and do it for the love of the club really it would help if sky paid a decent amount for he rights

Re: Wigan make massive loss : Fri Sep 22, 2017 6:08 am  

Financially the scariest competition is the Football Championship (the BBC online ran a great article a while ago showing the revenues, profits and losses for every team). Its basically a big casino where owners are betting on making the Premiership. As a result its massively loss making almost across the board to an extent that literally dwarfs RL. That's fine so long as the owners can afford the losses, which is exactly the same for RL, RU and probably almost all pro sport outside the US.